Way2VAT (ASX:W2V), a leading VAT claim and returns solutions provider, has partnered with Zoho, a global technology company, to offer the world’s first fully automated VAT claim and returns on business expenses as a Software-as-a-service (SaaS) solution for small and medium businesses.
Businesses will be able to integrate Way2VAT’s fully automated, end-to-end VAT reclaim platform solution in one click, helping small and medium businesses automate their expenses to save them time and money with a subscription between USD $25 to $45 a month per company. This is the first time this type of solution has ever been offered as SaaS model.
Way2VAT Founder and CEO, Amos Simantov, said, “We are excited to partner with Zoho to enable their customers to access foreign and local VAT reclaim services easily. We firmly believe this service will add value to businesses that use Zoho Expense, an end-to-end, online travel and expense management solution, allowing them to engage in hassle-free VAT and GST reclaims, driving more revenue back into their businesses.
This partnership with Zoho forms part of WAY2VAT strategy to target the growing SMB market, where a seamless, automated VAT claims solution is non-existent. The partnership will allow SMBs to streamline their T&E process, while improving their VAT reclaim processes locally for all their local and foreign expenses at the same time as international travel resumes across the world and countries push for more digitally enabled taxation systems.”
Way2VAT launched its SMB product in late 2020, providing a sales channel to leverage through its technology partners to access to Way2VAT’s software internationally. Way2VAT is the only vendor in the market offering VAT reclaim bundle for local expenses, foreign expenses and foreign APs as a SaaS model.
Zoho Expense is an online expense reporting and management application, built to streamline expenses, simplify approvals, and speed up reimbursements. Managing organisational expenses is one of the toughest challenges for any business, since it involves a lot of manual work, compliance regulations, which is expensive and time-consuming. Zoho Expense was built with the purpose of simplifying expense reporting processes for managers, finance teams, and employees alike, with the help of robust features, powerful automations, and an easy-to-use interface.